- Home
- Beyond Numbers
Beyond Numbers
Beyond Numbers is a bulletin covering all the latest employment and remuneration services news.
Submisson on Draft Legislation to Repeal For Investment Fund Rules
- By Moore Stephens
- Published 10/02/2010
- Beyond Numbers
- Unrated
View our submission on draft legislation to repeal for investment fund rules.
New Employee Share Scheme (ESS) legislation receives Royal Assent
- By Michael van Schaik
- Published 9/02/2010
- Beyond Numbers
- Unrated
Changes to Foreign Investment Fund rules flagged
- By Michael van Schaik
- Published 8/10/2009
- Beyond Numbers
- Unrated
In his address to open the Bank of New York Mellon’s first Australian branch in Sydney on 29 September 2009, the Hon. Nick Sherry confirmed his intention to introduce legislation to repeal the FIF rules “very early” in the 2010 calendar year.
FBT & Christmas Functions - gearing up for the festive season
- By Robert Jackson
- Published 8/10/2009
- Beyond Numbers
- Unrated
With Christmas fast approaching it is useful to remember that the Fringe Benefits Tax (“FBT”) minor benefits exemption threshold is now $300 (previously $100). With this in mind, the value of minor and infrequent rewards and gifts that can be provided to your employees without you as the employer incurring any FBT liability is quite significant. Changes to the minor benefit exemption now provides opportunities for employers to spend much more on the provision of entertainment fringe benefits and gifts to their employees.
Key superannuation rates and thresholds – 1 July 2009
- By Moore Stephens
- Published 1/07/2009
- Beyond Numbers
- Unrated
The superannuation guarantee requires employers to provide
sufficient superannuation support for their employees. You are obliged
to contribute a minimum of 9% of an eligible employee’s OTE to a
complying superannuation fund or retirement savings account (RSA). Your
contributions need to be made at least every quarter.
Only 2 minor recommendations made for section 23AG legislation!
- By Moore Stephens
- Published 26/06/2009
- Beyond Numbers
- Unrated
The purpose of the changes was to remove the general exemption that applied to foreign income and only apply it for certain aid or charitable or government employees.
Employee share schemes - submission to Treasury
- By Michael van Schaik
- Published 19/06/2009
- Beyond Numbers
- Unrated
Reform of the taxation of employee share schemes
- By Moore Stephens
- Published 16/06/2009
- Beyond Numbers
- Unrated
Submission in respect to the treasury consultation paper 'Reform of the taxation of employee share schemes'.
Section 23AG changes - submission to treasurer
- By Moore Stephens
- Published 18/05/2009
- Beyond Numbers
- Unrated
In his press release of the 12 May 2009, Treasurer Wayne Swan MP commented that the changes to be brought about by the draft legislation were to ensure that Australians working overseas ‘do not have an unfair advantage over workers who earn income and pay tax in Australia’.
New Budget Changes – Matters effecting all individuals
- By Michael van Schaik
- Published 13/05/2009
- Beyond Numbers
- Unrated
Other budget Changes effecting individuals